Global Stock Market Selloff Boosts Safe-Haven Demand, U.S. Treasury Yields Retreat
nashnova research
A global stock sell-off triggered haven buying, pulling the benchmark 10-year Treasury yield down 4 basis points to 5.14% while 30-year bonds also rallied — money is rotating back into government debt, but how long this repair lasts remains an open question.
How far did Treasury yields fall?
The 10-year yield dropped 4 basis points to 5.14%; the policy-sensitive 2-year yield fell in tandem.
The 30-year bond — hammered in recent weeks on inflation and fiscal fears — also rallied.
This means → all three key maturities moved together, signalling broad-based buying across the curve, not a localised bid.
Why did money suddenly flow back into bonds?
Wednesday's sharp equity sell-off combined with hotter-than-expected U.S. inflation data to push capital into Treasuries.
ITC Markets senior analyst Kit Lowe said: "The market has finally reverted to the old haven playbook — buy sovereign debt when stocks fall."
In plain terms = stocks dropped, investors got nervous, and parked cash in the relative safety of government bonds — the classic financial see-saw.
Can this rally hold?
PIMCO and several other asset managers had already called for adding bond exposure after the recent sell-off.
The return of the stock-bond see-saw suggests the market still trusts Treasuries as a haven.
But the forces behind the earlier sell-off — persistent inflation and widening fiscal deficits — have not gone away, so whether confidence is truly repairing remains to be seen.
市场有风险，内容仅供研究参考，不构成投资建议。